Connor Clark & Lunn Investment Management Ltd. Grows Holdings in Gold Fields Limited (NYSE:GFI)

Connor Clark & Lunn Investment Management Ltd. grew its holdings in Gold Fields Limited (NYSE:GFI) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 345,827 shares of the company’s stock after purchasing an additional 34,081 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Gold Fields were worth $4,565,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Net Worth Advisory Group purchased a new position in shares of Gold Fields during the fourth quarter valued at $136,000. Sequoia Financial Advisors LLC purchased a new position in shares of Gold Fields during the fourth quarter valued at $141,000. US Bancorp DE increased its stake in shares of Gold Fields by 18.9% during the fourth quarter. US Bancorp DE now owns 11,484 shares of the company’s stock valued at $152,000 after buying an additional 1,829 shares during the period. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in shares of Gold Fields during the third quarter valued at $209,000. Finally, Rhumbline Advisers increased its stake in shares of Gold Fields by 4.3% during the fourth quarter. Rhumbline Advisers now owns 17,332 shares of the company’s stock valued at $229,000 after buying an additional 720 shares during the period. Hedge funds and other institutional investors own 24.81% of the company’s stock.

Gold Fields Price Performance

Shares of GFI stock opened at $20.13 on Monday. Gold Fields Limited has a 1-year low of $12.98 and a 1-year high of $20.83. The stock’s 50-day moving average is $17.67 and its 200 day moving average is $15.91. The company has a market cap of $18.02 billion, a P/E ratio of 8.57, a PEG ratio of 0.30 and a beta of 1.14.

Gold Fields Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Thursday, March 27th. Shareholders of record on Friday, March 14th will be issued a $0.3752 dividend. This represents a yield of 1.6%. The ex-dividend date of this dividend is Friday, March 14th. This is an increase from Gold Fields’s previous semi-annual dividend of $0.17. Gold Fields’s dividend payout ratio (DPR) is currently 25.53%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Gold Fields from $17.10 to $18.80 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. StockNews.com raised Gold Fields from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Scotiabank raised their price objective on Gold Fields from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 25th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Gold Fields presently has a consensus rating of “Moderate Buy” and an average target price of $17.20.

About Gold Fields

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.